China Southern, Hi-P, Sun Hung Kai: Asian Stocks Preview

April 13 (Bloomberg) -- The following companies may have
unusual price changes in Asian trading on April 16. Stock
symbols are in parentheses and share prices are as of the latest
close. The information in each item was released after markets
shut unless stated otherwise.

Able & Partners Inc. (3272 JQ): The provider of brokerage
services for real estate properties said it will be acquired in
a management buyout for 580 yen per share. The stock added 0.7
percent to 432 yen.

Best Denki Inc. (8175 JT): The electronics retailer said
net income fell 44 percent to 589 million yen ($7.3 million) in
the year ended Feb. 29 as sales dropped 23 percent. The company
forecast profit will jump to 2.75 billion yen this fiscal year.
The shares slipped 1 percent to 190 yen.

China Southern Airlines Co. (1055 HK): The Guangzhou-based
airline said it expects net profit for the three months ended
March 31 to drop by more than 50 percent from a year earlier on
slowdown in domestic economic growth and increase of jet fuel
prices. The stock was unchanged at HK$3.58.

Hi-P International Ltd. (HIP SP): The assembler of
Blackberry smartphones said higher sales in the first quarter of
2012 mean it will deliver a “small net profit after tax”
instead of a loss, as previously forecast. The shares fell 1.6
percent to 94 Singapore cents.

Japan Tobacco Inc. (2914 JT): The world’s fourth-biggest
cigarette maker by market value said it will conduct a 200-for-1
stock split, adopting minimum trading of 100 shares. Separately,
the company said it will delist shares from the Nagoya, Fukuoka
and Sapporo bourses on April 16 due to “very low” trading
volumes on the exchanges. The stock climbed 2.9 percent to
466,000 yen.

Meiji Electric Industries Co. (3388 JQ): The industrial
machinery distributor said net income was 510 million yen for
the year ended March 31, beating its forecast of a 360 million
yen gain, according to a preliminary earnings statement. The
company cited rising sales and cost-cutting measures for the
gain. Meiji added 0.3 percent to 375 yen.

Pasco Corp. (9232 JT): The surveying company specializing
in aerial photography said there was a “high possibility”
799.3 million yen of software-related costs incurred in October
were erroneously booked as assets. Pasco increased 1 percent to
320 yen.

Plenus Co. (9945 JT): The boxed-meals distributor said
profit fell 19 percent to 1.96 billion yen in the year ended
Feb. 29 after taking a charge to change accounting methods. The
company forecast profit will more than double to 4.1 billion yen
this fiscal year. The stock advanced 2.1 percent to 1,517 yen.

Yoshinoya Holdings Co. (9861 JT): The restaurant chain
famous for serving bowls of rice with beef said it expects a 45
percent jump in profit to 1.9 billion yen in the year started
March 1. Yoshinoya advanced 0.6 percent to 105,000 yen.